AAK AB (publ.)

DB:6AA0 Stock Report

Market Cap: €6.5b

AAK AB (publ.) Valuation

Is 6AA0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6AA0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6AA0 (€24.78) is trading above our estimate of fair value (€23.68)

Significantly Below Fair Value: 6AA0 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6AA0?

Key metric: As 6AA0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6AA0. This is calculated by dividing 6AA0's market cap by their current earnings.
What is 6AA0's PE Ratio?
PE Ratio21.6x
EarningsSEK 3.48b
Market CapSEK 74.96b

Price to Earnings Ratio vs Peers

How does 6AA0's PE Ratio compare to its peers?

The above table shows the PE ratio for 6AA0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
SZU Südzucker
6.7x-10.2%€2.2b
SSH Südwestdeutsche Salzwerke
15xn/a€609.4m
NLM FRoSTA
12xn/a€415.6m
KWS KWS SAAT SE KGaA
9.8x-1.0%€1.9b
6AA0 AAK AB (publ.)
21.6x5.4%€75.0b

Price-To-Earnings vs Peers: 6AA0 is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does 6AA0's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
6AA0 21.6xIndustry Avg. 13.5xNo. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6AA0 is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the European Food industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 6AA0's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6AA0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.6x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: 6AA0 is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 6AA0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€24.78
€29.40
+18.7%
14.7%€34.67€21.67n/a8
Nov ’25€25.84
€29.45
+14.0%
14.0%€34.74€21.71n/a8
Oct ’25€28.62
€28.87
+0.9%
15.7%€35.21€21.56n/a8
Sep ’25€27.62
€27.70
+0.3%
15.9%€34.51€21.13n/a8
Aug ’25€26.28
€27.70
+5.4%
15.9%€34.51€21.13n/a8
Jul ’25€26.86
€27.19
+1.2%
17.5%€35.52€19.98n/a8
Jun ’25€25.52
€24.71
-3.2%
19.2%€34.00€19.13n/a7
May ’25€24.00
€24.71
+3.0%
19.2%€34.00€19.13n/a7
Apr ’25€21.86
€22.45
+2.7%
19.5%€29.57€16.96n/a7
Mar ’25€20.18
€22.53
+11.6%
20.2%€30.35€16.07n/a8
Feb ’25€20.66
€21.09
+2.1%
18.3%€28.05€15.34n/a8
Jan ’25€20.28
€21.45
+5.7%
18.1%€28.67€15.68n/a8
Dec ’24€19.16
€20.62
+7.6%
15.8%€25.38€15.32n/a8
Nov ’24€18.19
€20.09
+10.5%
14.8%€24.52€14.80€25.848
Oct ’24€16.97
€19.75
+16.4%
11.5%€23.38€15.24€28.628
Sep ’24€17.13
€19.73
+15.2%
12.4%€23.45€14.59€27.628
Aug ’24€17.24
€19.73
+14.4%
12.4%€23.45€14.59€26.288
Jul ’24€17.12
€19.72
+15.2%
13.9%€23.73€14.15€26.868
Jun ’24€17.72
€19.72
+11.3%
13.9%€23.73€14.15€25.528
May ’24€18.07
€18.52
+2.5%
15.9%€22.08€13.43€24.008
Apr ’24€16.57
€17.67
+6.7%
12.6%€21.23€13.71€21.868
Mar ’24€15.83
€17.88
+13.0%
12.2%€21.57€14.20€20.188
Feb ’24€15.77
€17.51
+11.0%
13.0%€21.46€13.95€20.668
Jan ’24€16.03
€17.33
+8.1%
14.1%€21.99€14.29€20.288
Dec ’23€16.16
€17.33
+7.3%
14.1%€21.99€14.29€19.168
Nov ’23€14.46
€17.33
+19.8%
14.1%€21.99€14.29€18.198

Analyst Forecast: Target price is less than 20% higher than the current share price.

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